Lenders will verify income, assets, liabilities, and credit history for all parties on the loan.

My hope and goal is that God forbid the lawsuit is awarded a settlement the most they can get is the equity in that property.Ned, I believe in NJ the law is the same you are allowed to transfer from yourself to a LLC owned by you without any tax consequences but I need to verify this.As far as the single member LLC beginning to be pierced can you elabotate on this?

None of them are doing well in RE and it is easy to verify how many deals they actually have sold or listed.That all said, the actual flip shows are just as fictional, though flip men seem to have a bit more accuracy on some numbers, but lots of the "issues" are dramatized and fictionalized for TV.

You will need to verify the after repair value with a local realtor, and get your cost estimation down for the construction cost.

You realistically need north of $160K a year total, verifiable income.

No HUD, so the amount needs to be verified, but it actually showed up after 3 months, 8 people involved, the Real Estate Commission, the local Board of Realtors, and enough paperwork to kill a forest.

Verify income from all applicants.

Keep that in mind and don't get discouraged.That said, starting out, it's very difficult to determine if your rehab estimates are accurate or not, and that's why it's absolutely necessary to have either another investor or a contractor who can verify rehab costs until you're confident you can do it yourself.Why not pay another investor or GC a small fee ($50-100) to spend a couple hours with you walking a house or two and working through what local renovation costs are.

But anyone can say anything so it is next to impossible to verify.

I've actually had buyers who would rather walk away from the house than change lenders (which seems crazy to me).I call the buyers lenders and do my best to make sure the lender has fully vetted the buyer- that they've pulled buyers credit, verified their income, etc (of course I've never had a lender tell me they haven't don these things)- but that doens't seem to have helped either.I feel like I'm missing something here- does everyone just deal with the fact that 1 in 3 of their houses aren't going to close and you're going to lose at least 5 or 6 weeks because of that?